This was announced by a joint statement. The leaders promised to “take action against individuals and organizations that facilitate war in Ukraine,” ending the practice of “allowing rich Russians affiliated with Moscow to become citizens of our countries and access our financial institutions.” Called the ‘Golden Passport’
The “number” of Russian banks will be removed from Swift. This is the agreement reached between the United States and the European Union, the United Kingdom and Canada after the Russian invasion of Ukraine. This was announced by a joint statement. As EU President Ursula von der Leyen said in a nightly statement, “This will ensure that these banks are disconnected from the international financial system and that their ability to operate globally is compromised.” Not only that: “We will ensure that Putin no longer uses his war funds. We will freeze the transactions of the Russian Central Bank” and “prevent Russian oligarchs from using their financial assets in our markets”. (Live Updates – Videos – Video story of Sky TG24 from Kiev).
“This will prevent Russian exports and imports”
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Ukraine-Russia war, what is the Swift system and why it is talked about
Van der Leyen explained that the new sanctions were reached through mutual agreement with key Western leaders, including US President Joe Biden, French envoy Emmanuel Macron, British Prime Minister Boris Johnson and Italian Mario Tragi. “Swift is the world’s leading payment system between the world’s leading banks.
Stop “gold passports”
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In a joint statement from the United States, the European Union, the United Kingdom and Canada, Western leaders pledged to “work against individuals and organizations that facilitate war in Ukraine.” In particular, they are working to put an end to the so-called “Golden Passport” practice of “allowing rich Russians affiliated with Moscow to become citizens of our countries and access our financial institutions”.
“We will involve other governments.”
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“As heads of the European Commission, we, the leaders of France, Germany, Italy, the United Kingdom, Canada and the United States, condemn Putin’s war and the attacks on the sovereign nation and the Ukrainian people.” The joint note reads again. We are obligated to impose sanctions and other financial and administrative measures on other Russian officials and elites close to the “Moscow government”, as well as their families and managers to identify and disable the assets they hold within our jurisdiction. The statement added: “We will engage other governments and work to stop the movement of illegal profits and deny them the ability to hide their assets within the jurisdiction of the world.”
Thanks from Kiev
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Ukrainian Prime Minister Denis Schmidt has thanked his friends from the United States, France, Germany, Italy, Canada and the United Kingdom on Twitter for their commitment to removing several Russian banks from Swift. “.
Russia “is now a global economic and financial problem”
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Russia is “now a global economic and financial problem” and wants to “hunt” the boats, jets, luxury homes and cars of Western Russian oligarchs. This was said by a senior US official who insisted that the Russian central bank “could not support the ruble” due to the new sanctions.
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